Bloomberg Analyst Warns: Gold and Silver May Have Peaked, "Once-in-a-Generation" Highs Could Be Over

Odaily News Bloomberg Intelligence Senior Market Analyst Mike McGlone stated in his April metals market outlook report that gold is facing a tough hurdle, created by an overextended speculative rally at the beginning of the year. The peak in January this year may represent a "once-in-a-generation" historical high. He noted that gold continues to struggle as speculative momentum transforms the yellow metal from a safe-haven asset into a risk asset. He pointed out that the 180-day volatility of this precious metal is more than double that of the S&P 500 and is at its highest quarterly level since 2006. Like gold, silver's rally to $120 per ounce in January may also represent a historic peak. (Kitco)